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M&A Activity During Q2 Declined In Volume And Valuation

 
• By Joseph Haas

Following a pair of $10bn+ deals in Q4 2023 and a $16.5bn takeout in Q1, the second quarter saw no acquisition priced as high as $5bn, Evaluate notes. Aggregate deal volume and values dropped from Q1.

Quarterly report
Q2 2024 saw a decline in M&A volume and valuation compared to Q1 • Source: Shutterstock

After a strong start to biopharma merger-and-acquisition activity in the first quarter of 2024, transactions declined notably in the second quarter, according to data provided by Evaluate. The second quarter saw 34 M&A transactions, down from 59 during the first quarter, while the aggregate dollar value of those deals came in just below $20.4bn.

The aggregate dollar total declined 44% from the adjusted Q1 total of nearly $36.6bn, although the number of acquisitions with upfront value of $1bn or higher actually increased to eight, from seven the previous quarter. (Also see "Q1 2024 Posts Big M&A Total Led By Novo Holdings’ Catalent Takeout" - Scrip, 5 April, 2024

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